Current News
QSound Labs Receives Nasdaq Delisting Notice
Calgary, Alberta, March 27, 2009 -- QSound Labs, Inc. (NASDAQ: QSND), a leading developer of audio and voice software solutions, today reported that it received a Nasdaq Staff Determination letter on March 25, 2009, indicating that the Company fails to comply with the minimum stockholders' equity requirement of $2.5 million as set forth in Nasdaq Marketplace Rule 4310 (c) (3). The Company's securities will be suspended from The Nasdaq Stock Market at the opening of business on April 3, 2008, and a Form 25-NSE will be filed with the Securities and Exchange Commission removing the Company's securities from listing and registration on The Nasdaq Stock Market. The Company does not intend to appeal Nasdaq's decision..
QSound Labs Reports Fourth Quarter & Year End Results for 2008
mQFX Rolls Out; Operations are Cash Flow Positive
Calgary, Alberta, March 18, 2009 -- QSound Labs, Inc. (NASDAQ: QSND), a leading developer of audio and voice software solutions, today reported financial results for the fourth quarter of FY2008. For the quarter ending December 31, 2008 consolidated revenues reached $500,000 versus $304,000 for Q4 2007, an increase of 64% and an increase of 26% versus Q3 2008. The net loss for the fourth quarter was $(410,000) or $(0.04) per share as compared to $(521,000) or $(0.06) per share in FY2007. The quarter included certain one time expenses incurred in connection with the Company’s cost containment program. Higher revenues and lower operational expenses contributed to positive cash flow from operations during the fourth quarter of $42,000.
QSound Labs Retains Kaufman Bros., L.P.
to Explore Strategic Alternatives
Calgary, Alberta, January 15, 2009 -- QSound Labs, Inc. (NASDAQ: QSND) announced it has retained the services of the investment banking firm of Kaufman Bros., L.P. to assist the Board of Directors in exploring a full range of strategic options for the Company. QSound Labs’ goal is to enhance shareholder value through a potential strategic alliance, joint venture, merger or acquisition, or possible sale of the Company.